Placing You First Insurance Podcast by CRC Group

Rain & Risk: Why Flood Insurance Matters More Than You Think

November 15, 2023 CRC Group Episode 81
Placing You First Insurance Podcast by CRC Group
Rain & Risk: Why Flood Insurance Matters More Than You Think
Show Notes Chapter Markers

Today we’re jumping into the deep end with Ben Tschepikow, a Broker with Argenia, a CRC Group Company located in Little Rock, AR as well as Emma Grimshaw, an Underwriting Manager with Liberty Specialty Markets in London. They're going to discuss navigating today's flood insurance market.

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We’re seeing the impact of climate change everywhere – from raging wildfires to warmer oceans and stronger storms. With that in mind - Why is flood insurance more important than ever?
How does this increase in extreme weather affect the underwriting process?
When it comes to flood insurance there’s the National Flood Insurance Program (NFIP) and then there are private flood insurance coverage options. What are the key differences between NFIP and private insurers?
Do you have any interesting real-life claim stories of individuals or communities who were unexpectedly affected by floods because they weren’t in a known flood zone? Did they happen to have flood coverage?
Can you share with us what underwriters are looking for when assessing flood submissions?
Ben as a wholesaler working with agents and Emma as an underwriter working with brokers….how does working with a strong wholesaler, like Team CRC, help the process?
Rapid Fire!